VENDOR MANAGEMENT SERVICES, INC. APPOINTS MICHAEL FOSSER VICE PRESIDENT OF STRATEGIC ALLIANCES


April 26, 2001, MINNEAPOLIS

Vendor Management Services, Inc. (VMS) today announced that Michael Fosser has been appointed vice president of strategic alliances. VMS is a wholly owned subsidiary of The First American Corporation (NYSE: FAF).

Fosser will be responsible for the development and management of a national network of “best-in-breed” vendors to serve VMS clients, which include national lenders and mortgage and real estate brokers. Fosser came to VMS in August 2000 with over 20 years of experience in the real estate, mortgage and corporate relocation industries.  He specializes in managing service-provider networks and building value-added networks.  

Prior to joining VMS, Fosser was senior vice president of home services for HomeSpace, Inc. in Denver.  He is a certified relocation professional, real estate appraiser, environmental inspector and mortgage banker.  He is a member of the Employee Relocation Council, the National Association of Realtors and the Mortgage Bankers Association.

Fosser received a bachelor’s degree from Elgin College in Illinois and is a graduate of the Oklahoma University School of Consumer Lending. He lives in Highlands Ranch, Colo., with his wife, Barbara, and two children.

Vendor Management Services, Inc. (VMS) provides national mortgage lenders with a complete menu of solutions designed to reduce the cost of their operations, enhance the performance of their vendors and create new sources of revenue that add to the lenders’ net earnings. Information on VMS’ Bottom Line Solutions, which includes technology, workflow management, vendor management and new revenue generation, can be found on the company’s Web site at www.tvmsi.com.

The First American Corporation, based in Santa Ana, Calif., is the nation’s leading, diversified provider of business information and related products and services. The corporation’s three primary business segments include: title information and services; real estate information and services, which includes mortgage information services and database information and services; and consumer information and services, which provides automotive, subprime and direct-to-consumer credit reporting; resident screening; pre-employment screening; property and automotive insurance tracking services; property and casualty insurance; home warranties, investment advisory; and trust and banking services. Information about the company and an archive of its press releases can be found on the Internet at www.firstam.com.

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